Question
Problem 17-1 Dividends and Taxes [LO2] Dark Day, Inc., has declared a $5.60 per share dividend. Suppose capital gains are not taxed, but dividends are
Problem 17-1 Dividends and Taxes [LO2]
| Dark Day, Inc., has declared a $5.60 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 15 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. Dark Day sells for $94.10 per share, and the stock is about to go ex-dividend. |
| What do you think the ex-dividend price will be? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Ex-dividend price | $ |
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QlikView For Finance
Authors: B. Diane Blackwood
1st Edition
1784395749, 978-1784395742
